SG firm gets $2.3m to help F&B outlets save energy

TablePointer founder Jason Tang. / Photo credit: TablePointer

While adopting renewable energy has been a valiant goal for those in the climate tech industry, it is a lofty one, considering the amount of investment, coordination, and infrastructure required. This is why firms that prioritize energy efficiency, such as TablePointer, are a more immediate fix for sustainability.

With its plug-and-play solution, the Singapore-based firm primarily focuses on catering to businesses in the F&B industry.

Funding details

• Funding amount: $2,253,000
• Lead investors: Wavemaker Partners, Steve Melhuish, AgFunder, ENGIE
• Stage: Seed
• Source

“The F&B industry has been slow to adopt sustainability solutions due to perceived lack of rapid return on investment. TablePointer addresses this problem by offering a plug-and-play solution that provides immediate tangible savings and significant reduction in greenhouse emissions – without any upfront costs,” TablePointer chairman Steve Melhuish explained in a statement.

He added that the firm’s services have already been adopted by “small independent outlets as well as some of the largest most recognizable F&B chain brands.”

The startup was established by Jason Tang in December 2019 with product development, validation, and mentorship help from venture-building firm Engie Factory.

TablePointer will use the fresh funds to expand into other markets in the region as well as add new features and product modules to its offerings.

More details